Hiperentás

Hiperentás is a term used to describe a particular type of real estate transaction. It originates from Hungarian legal and economic terminology and refers to a situation where a property is sold, but the seller retains the right to use or inhabit the property for a specified period or for their lifetime. This is often achieved through a contractual agreement, such as a sale and lifetime usufruct right.

In essence, the ownership of the property transfers to the buyer upon sale, but the seller's right to occupy or utilize the property is legally preserved. This arrangement can be beneficial for individuals who need to sell their property for financial reasons but wish to continue living in it, or for elderly individuals who wish to secure their living situation while also benefiting from the sale of their home. The specific terms and conditions of a hiperentás agreement are crucial and are typically detailed in a legally binding contract, often requiring notarization. This ensures clarity regarding the duration of the seller's use, any associated responsibilities, and the conditions under which the right of use terminates. The buyer, in turn, gains ownership of the property and can expect to take full possession once the seller's right of use expires.